Contract Between Shell and ECB Group for Renewable Diesel Boosts the Biofuels Market
One of the largest oil and gas companies in the world, Shell, and the import and export company ECB Group, have signed a supply contract for renewable diesel and renewable aviation fuel, totaling more than 500 million liters per year starting in 2024, amounting to over 2 million biofuels.
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The HVO Diesel and SAF Produced at ECB Group Biorefinery
The renewable diesel HVO (Hydrotreated Vegetable Oil) and renewable aviation fuel (Synthetic Paraffinic Kerosene, SPK), also known as Sustainable Aviation Fuel (SAF), will be produced at a biorefinery named Omega Green, which is under construction by ECB Group in Paraguay, with a total production capacity of 20,000 barrels of HVO diesel, SPK, SAF, and green naphtha.
Founder of ECB Group Discusses Contract Regarding Diesel with Shell
“With Shell’s well-known focus on decarbonization initiatives, it makes perfect sense for us to work together to provide sources of renewable fuel solutions, especially in the road transport and aviation sectors,” says the founder and CEO of ECB Group, Erasmo Carlos Battistella, in a statement.
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Starnav orders 10 hybrid vessels with German MTU engines in Itajaí and prepares fleet to serve Petrobras in the pre-salt for 12 years.
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The Chamber releases R$ 10 billion to hold the price of diesel until December and proves that Brazilian fuel remains tied to Congress.
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It’s official: Petrobras takes 75% of block 3 in São Tomé and Príncipe and debuts as an offshore operator outside South America.
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With a record production of nearly 3 million barrels per day, Petrobras resumes importing diesel in July, highlighting the bottleneck in Brazilian refining.
“Biofuels must play a key role in achieving a net-zero emissions energy system, but collaboration is critical for the supply and global use of these low-carbon fuels to become more widespread,” said Odeh Khoury, Vice President of Shell for Products Trading and Supply, Americas.
Shell Acquires Ubitricity, and Partnership Expected by Year-End
Shell has reached a purchase agreement with one of the largest electric vehicle charging companies in Europe.
Under pressure to cut carbon emissions, Shell has made a deal with Ubitricity, a German charging company. The finalization of this partnership is expected by the end of this year.
